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KPMG Has A $1 Billion Problem At New Century

Francine McKenna | Posted 05.09.2009 | Politics

Read More: Subprime Mortgages, Liquidity, Washington Mutual, New Century Financial, Subprime Mortgage Crisis, Risk Management, Bear Stearns, Securities and Exchange Commission, Kpmg, Pcaob, Lehman Bros, Bailout Bandits, Politics News
Francine McKenna

KPMG is being sued for $1bn by the liquidators of New Century, the collapsed subprime lender, in the first big case against an auditor arising from th...

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The Button-Down Mafia: How the Public Accounting Firms Run a Racket on Investors and Thrive While Their Clients Fail

Francine McKenna | Posted 04.16.2009 | Business

Read More: Fair Value, Going Concern, Bankruptcy, Ratings Agency, E&Y, Mafia, Accountant, Kpmg, Pricewaterhousecoopers, Securities Litigation, Bailout, Deloitte, Big 4, Audit, Financial Crisis, Class Action Lawsuit, Sec, Geithner, Subprime Mortgage Crisis, Pcaob, Aig, Bailout Outrage, Business News
Francine McKenna

The Big 4 public accounting firms haven't yet been asked the hard questions by governments, legislators, or regulators.

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